NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is
investigating potential securities claims on behalf of shareholders of
Fenix Parts, Inc. (NASDAQ: FENX) resulting from allegations that Fenix
Parts may have issued materially misleading business information to the
investing public.

On August 16, 2016, during aftermarket hours, Fenix Parts filed a
notification of late filing of its Form 10-Q for the second quarter of
2016 with the SEC and blamed the delay on its recent change in auditors.
On this news, shares of Fenix Parts fell $0.25 per share or 5% from its
previous closing price to close at $4.48 per share on August 17, 2016.

On October 13, 2016, Fenix Parts filed a Form 8-K with the SEC, stating
that because of its failure to timely file its Form 10-Q for the second
quarter of 2016, NASDAQ has issued it a notice of delisting. Fenix Parts
also provided an update on the delay of the filing of its Form 10-Q for
the second quarter of 2016, revealing that it has received a subpoena
from the SEC requiring production of documents related to Fenix Parts’
recent change of auditors, its previously announced business
combinations and related goodwill impairment charge, effectiveness of
internal controls over financial reporting, and internal valuation
methodology. On this news, shares of Fenix Parts fell sharply during
intraday trading on October 13, 2016.